expected value
nounDefinition of expected value
1
: the sum of the values of a random variable with each value multiplied by its probability of occurrence
2
: the integral of the product of a probability density function of a continuous random variable and the random variable itself when taken over all possible values of the variable
Examples of expected value in a Sentence
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Scott explained that the conference is loath to lock up a growing asset (the media rights) into the next decade because of its expected value on the open market. — Jon Wilner, The Mercury News, "Pac-12 media strategy: To sell (ownership) or not to sell: Industry analysts weigh in," 29 Aug. 2019 Each circle represents a Fed official’s expected value of the federal-funds rate for the corresponding year or time period. — Nick Timiraos, WSJ, "Fed Faces Unfamiliar Dilemma With Rate Projections," 17 June 2019 Every quarter, the central bank produces a chart of 19 officials’ individual projections for interest rates, with a dot representing each person’s expected value of the Fed’s benchmark rate in coming years. — Nick Timiraos, WSJ, "Fed Officials Wrestle With a ‘Dot Plot’ Dilemma," 18 Mar. 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'expected value.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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